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Do healthcare powers of attorney need to know about medicine?
One of the people you’ll need to name in your estate plan is a health care power of attorney. Some refer to them as health care agents. This person will speak on your behalf if you cannot express your wishes…
4 reasons you should update your will
Many testators create a will to give money to heirs, appoint a guardian for any minor children or make sure other wishes are carried out. If you have already established a will, it’s crucial to ensure that it’s up to…
What you need to know about ancillary probate in California
California, like the other states, has its unique estate planning laws. When a loved one dies, their estate will be wound up and distributed according to their wishes or California intestacy laws. But what happens if they had properties in…
What successor trustees need to know about selling a home
If you are named as a successor trustee, you have many responsibilities. This individual must handle the trust of someone after they pass away. One of the actions you may need to take in this role is selling the grantor’s…
Why you need an advance health care directive
Designating someone to have power of attorney (POA) over your health care is an important aspect of estate planning – even though it involves a time when you’re still alive, although unable to speak for yourself. This can happen at…
What are incentive trusts, and do you need one?
Incentive trusts are a trust with conditions. You can use them to incentivize a potential beneficiary to act in a certain way. You can set out particular rules when you create the trust. Then, once you die, it falls to the person…
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